More Money for Water Projects
China’s central government will spend 25 billion yuan ($4.1 billion) on water projects, the Ministry of Finance said today.
Part of the fund will replenish capital for 29 existing projects, with the rest to be used on 143 new projects of irrigation, diversion, water saving and cleaning up lakes and rivers.
The country’s total investment on water projects reached 488 billion yuan in 2014, Xinhua reported.
Vice-Minister of Water Resources Jiao Yong predicted that investment would top that figure in 2015.